Acrylic Fibre Market:: Global Industry Analysis, Trends, and Forecast 2027
COVID-19 had a negative impact on the market in the year 2020, as the pandemic caused businesses, manufacturing, & production facilities to close down, resulting in minimal economic activity. Furthermore, as the price of acrylic acid, a significant element of acrylic fibers, increases around the world during the epidemic, profit margins are shrinking, forcing firms to lower operating rates or shut down production facilities entirely.